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pishuonlain [190]
4 years ago
10

Using a perpetual inventory system, the seller’s journal entry to record the sale of merchandise on account includes a:_________

.
A. Credit to Cost of Goods Sold
B. Debit to Inventory
C. Credit to Purchases
D. Debit to Accounts Receivable
Business
1 answer:
alexandr1967 [171]4 years ago
5 0

Answer:

D. Debit to Accounts Receivable

Explanation:

Transaction of sale in Perpetual Inventory system will be recorded as follow:

                                          Dr.    Cr.

Account Receivable         xxx

Sales                                          xxx

Cost of Goods Sold          xxx

Merchandise Inventory            xxx

There is no entry to purchases, cost of goods sold is debited and inventory is credited. So, the only correct option which is dealt in above transactions.

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Dealer and customer rebates have nothing to do with a dealer's ability to negotiate. true false
wolverine [178]
I think the correct answer is false. <span>Dealer and customer rebates do have something to do with a dealer's ability to negotiate. These rebates are affected by how these dealers to talk and negotiate on things. Hope this answers the question. Have a nice day.</span>
7 0
3 years ago
Read 2 more answers
From the list below, select the items that are classified as a materials activity. (You may select more than one answer. Single
KATRIN_1 [288]

Answer:

(b) Internal failure costs (d) Prevention cost

Explanation:

(a) External failure costs are those costs incurred due to product failures after they have been sold to customers. These costs include: Legal fees related to customer lawsuits. Loss of future sales from dissatisfied customers.

b) Appraisal costs are a specific category of quality control costs. Companies pay appraisal costs as part of the quality control process to ensure that their products and services meet customer expectations and regulatory requirements. These costs could include expenses for field tests and inspections

(c) Internal failure costs are those costs of quality associated with product failures that are discovered before a product leaves the factory. These failures are discovered through the firm's internal inspection processes.

(d) Prevention costs are those costs incurred to avoid or minimize the number of defects at first place are known as prevention costs. Some examples of prevention costs are improvement of manufacturing processes, workers training, quality engineering, statistical process control

3 0
3 years ago
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Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over
kow [346]

Answer:

<u>For Maths;</u>

<u>The student would increase time studying for maths.</u>

<u>For English;</u>

<u>The student would increase time studying for English.</u>

<u>Explanation:</u>

This is the case in both cases because there's a certainty that the student earns an A in both cases if he puts in the equivalent  $ amount worth of effort.

The student's ability to adapt to change comes under great test over the next  6 weeks in other to get an A in the math and English classes.

7 0
3 years ago
Suppose a local bank increases the fees they charge for their bank accounts by 5 percent. in​ response, the demand for their ban
sammy [17]

Answer:

-0.34

Explanation:

Given that,

Percentage increase in prices = 5%

Initial quantity demanded = 30,000

New quantity demanded = 2,500

By midpoint method,

Average quantity :

= (Initial quantity  + New quantity) ÷ 2

= (30,000 + 2,500) ÷ 2

= 16,250

Change in quantity = (2,500 - 30,000)

                                = -27,500

Therefore, the price elasticity of demand is as follows:

= (Change in demand ÷ Average quantity demanded) ÷ Percentage increase in prices

= (-27,500 ÷ 16,250) ÷ 5

= -1.69 ÷ 5

= -0.34

8 0
3 years ago
Furthermore, 75% have adequate knowledge about your product and 65% say they like the product. Half say they intend to buy the p
sergij07 [2.7K]

Answer:

Behavioral Phase

Explanation:

Based on the information provided it can be said that the aspect that should be the promotional objective is the Behavioral Phase, which targets those actual purchases. This would be the best option since the vast majority of the public already knows about the product and likes it, but less than half actually go through with the purchase. Therefore targeting this aspect of the hierarchy of effects will demonstrate the best results.

5 0
4 years ago
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